I can't say I'm swelled up with confidence when viewing the website, but at the same time we have Beauforts involved in a capital raising at .008c for up to $2m...
I agree that it is highly speculative here for the EUR10m BUT the leased financial instruments are bank bonds from Deutsche Bank rated A2, as I understand it,...that's not a bad rating and therefore should attract interest.
Its fair to assume that Beauforts would have known about how Condor was intending to finance the recent acquisition and Marianas before agreeing to offer their services, also knowing what the numbers are on Marianas profit share(based on the scoping study and recent sampling)...these guys want their clients to make money so they would have done a fair deal of DD before agreeing to a premium price for funds.
Still no-one here is saying this is a sure thing and certainly there is much risk left to remove before the market will invest beyond the 1c mark...BUT if they do pull off these finances with fair cost, permitting, etc. in reasonable time then 1c would surely be a bad memory?
CDB Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
